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☆ Elon Musk says his super PAC won't go away after the 2024 election
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."

Persons: Elon Musk, Musk, he's, George Soros, —, It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey

☆ Jeff Bezos, Sam Altman, Tim Cook and other tech leaders congratulate Trump on election win
▼ + stars: | 2024-11-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Amazon founder and Executive Chairman Jeff Bezos celebrated Trump's win in a post on X, calling it an "extraordinary political comeback and decisive victory." Trump repeatedly took aim at Bezos' ownership of the Post, Amazon's tax record and its relationship with the Postal Service. Apple CEO Tim Cook congratulated Trump on his victory in a post on X. OpenAI CEO Sam Altman said in a post on X that he hopes Trump will see "huge success in the job." Meta CEO Mark Zuckerberg called Trump's election win a "decisive victory" and said he looks forward to working with the Trump administration.

Persons: Sam Altman, Jeff Bezos, Donald Trump, JD Vance, Trump, Bezos, Kamala Harris, Andy Jassy, Jassy, Tim Cook, Cook, Mark Zuckerberg, Zuckerberg, Elon, Musk, Trump's, Tesla, Sundar Pichai, he's, Satya Nadella, Reid Hoffman, Hoffman, Harris, Gelsinger, Arvind Krishna, Chuck Robbins, Uber, Dara Khosrowshahi, Aaron Levie, Michael Dell Organizations: Economic, Amazon, U.S, Washington Post, Postal Service, Trump, Post, Democratic, Apple, Facebook, SpaceX, White, America PAC, Google, Microsoft, Venture, LinkedIn, Intel, Biden, IBM, Cisco, Dell Technologies Locations: Davos, Switzerland, Glasgow, Scotland, Pennsylvania, Bezos, United States, U.S

☆ Corporations raised $16 million to oppose Oregon's universal basic income plan. They won.
▼ + stars: | 2024-11-06 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Oregon's universal basic income measure failed, with 78.8% of voters opposing the policy. Basic income programs have been tried across the US as an approach to poverty reduction. AdvertisementOregon's effort to institute a statewide universal basic income failed on November 5. Alaska also has a program that resembles basic income, but it's structured differently than Oregon's proposal. The Alaska Permanent Fund, which began in the 1970s, is a model similar to universal basic income.

Persons: —, hasn't, Andrew Yang Organizations: Service, Associated Press, Universal, Democratic, Alaska Permanent Fund Locations: Oregon, Alaska, Oregon's, California, New Mexico

The West WingOne of Trump’s most important picks will be his White House chief of staff. Karoline Leavitt, who was Trump’s campaign spokeswoman, is being considered as White House press secretary – a job that typically is the most public-facing position in the White House. National security postsTrump has suggested his national security team would be tasked with reassessing the United States’ posture toward Ukraine and Russia, China, Iran, and the simmering conflict in the Middle East. The debate over a renewed Trump’s “America First” agenda is expected to pit Republican national security hawks against the party’s isolationist wing. Secretary of state and national security adviser will be among the most hard-fought positions to stand at the forefront of those shifts.

Persons: Donald Trump’s, Trump, Howard Lutnick, Linda McMahon, John McEntee, Cliff Sims, Ross Werner, Goldman Sachs, Trump’s, John Kelly, Susie Wiles, Wiles, Russ Vought, Brooke Rollins, Bob Lighthizer, Karoline Leavitt, –, Musk, Robert F, Kennedy Jr, Elon Musk, helms, Kennedy, ”, Ken Paxton, Matt Whitaker, Jeff Sessions, Sen, Mike Lee of, of National Intelligence John Ratcliffe, Mark Paoletta, Kash Patel, Patel, Christopher Wray, James Comey, Jeffrey Jensen, Louis, Bill Barr, Jensen, Michael Flynn, Barr, Florida Sen, Marco Rubio, Tennessee Sen, Bill Hagerty, Richard Grenell, Grenell, ” Arkansas Sen, Tom Cotton, Keith Kellogg, Ratcliffe, Gina Haspel, Cotton, Mike Waltz, Mike Pompeo, Elise Stefanik, She’s, Morgan Ortagus, David Friedman, Kelly Craft, Scott Bessent, “ He’s, MAGA, he’s, Elon, Hank Paulson, George, Jay Clayton, Lighthizer, McMahon, Doug Burgum, flinch, Jamieson Greer, CNN’s Kevin Liptak, Alayna Treene, Hannah Rabinowitz, Kylie Atwood Organizations: CNN, Trump, White House, Heritage Foundation, White, Pentagon, West, America, Policy Institute, RFK Jr, SpaceX, Senate, Republicans, PAC, Department of Health, Human Services, Environmental Protection Agency, Department of Agriculture, Justice and Homeland Security, of National Intelligence, Conservative, FBI, Republican, Central Intelligence Agency, CIA, New York Republican, House GOP, United Nations, UN, State Department, Soros, Goldman, George Bush’s, Department, Chinese Communist Party, Securities and Exchange Commission, Treasury, Commerce Department . North Dakota Gov, US Trade Locations: Trump, Central Park, Texas, Mike Lee of Utah, Beach, St, United States, Ukraine, Russia, China, Iran, Florida, Tennessee, Japan, Germany, ” Arkansas, Barr, UN

West Palm Beach, Florida CNN —Donald Trump began his political comeback when many in his own party wanted him to go away. A lineup of former allies, including Trump’s first vice president, Mike Pence; ex-political protege Florida Gov. Trump’s political team seized on their change in fortune, selling T-shirts with his mug shot and consolidating support throughout the country. Trump’s campaign had made substantial gains among every demographic his campaign set out to find new votes. “They came from all quarters: Union, nonunion, African American, Hispanic American, Asian American, Arab American, Muslim American,” Trump said in his victory remarks.

Persons: Palm Beach , Florida CNN — Donald Trump, underwhelmed, Trump, “, ” Trump, Jill Stein, ”, Brian Hughes, Susie Wiles, Chris LaCivita, Trump’s, Susie, Chris, Joe Biden, Rather, Kamala Harris, Mike Pence, Ron DeSantis, Nikki Haley, —, Wiles, Palm Beach . Wiles, Haley, Joe Rogan —, Alex Bruesewitz, Barron, Biden, Ronna McDaniel, McDaniel, James Blair, “ We’re, Charlie Kirk, Elon Musk, Musk, Kirk, CNN’s David Wright Organizations: Palm Beach , Florida CNN, White, Sun, Republican, Detroit, Green, Democratic, Republican Jewish Coalition, Electoral, Republican Party, GOP, Gov, United, Nazi, Mar, Michigan autoworkers, Social Security, CNN, RNC, Trump, America PAC, Musk’s, Madison Locations: Palm Beach , Florida, Palm Beach, Midwest, Israel, Florida, Trump, American, Iowa, Vermont, Washington, DC, Michigan, Bronx, Nevada, Philadelphia, Arizona, Puerto Rico, Arab

☆ Trump praises Elon Musk in election-night speech: 'A star is born'
▼ + stars: | 2024-11-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Donald Trump on Wednesday called Elon Musk "a new star." Trump mentioned Musk in a speech while on the cusp of retaking the White House. AdvertisementDonald Trump on Wednesday morning praised Telsa CEO Elon Musk as the former president neared a return to the White House. "We have a new star, a star is born," Trump told boisterous supporters in West Palm Beach, Florida. Musk, the world's richest man, spent at least $130 million on helping Trump and other Republicans win.

Persons: Donald Trump, Elon, Trump, —, Telsa, Elon Musk, Musk, Kamala Harris, Sen, JD Vance, Mike Johnson, Vance Organizations: Wednesday, Service, Trump, PAC, America PAC, GOP, Capitol, White House Locations: West Palm Beach , Florida, Pennsylvania

☆ Silicon Valley's Trump boosters celebrate: 'It's time to build'
▼ + stars: | 2024-11-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Tech leaders who openly supported Donald Trump took to X to celebrate his win Wednesday morning. AdvertisementAs former president Donald Trump swept to victory Wednesday morning, supporters in Silicon Valley posted messages of congratulations and even gloated over his return to the Oval Office. Some of tech's most high-profile and wealthiest names offered their first reactions after major news networks called the race for Trump. The billionaire owner of X and Tesla watched the election results roll in with Trump from Mar-a-Lago. AdvertisementMarc Andreessen, an early Facebook and Coinbase investor via his firm Andreessen Horowitz, had a curious relationship with Trump.

Persons: Donald Trump, Keith Rabois, —, Chamath Palihapitiya, Shaun Maguire, Trump . Elon Musk, Tesla, Joe Biden, Israel —, Musk, Trump, Doug Leone, Joe Lonsdale, David Sacks, Obama, Biden, Harris, Sacks, Leone, Marc Andreessen, Andreessen Horowitz, Andreessen Organizations: Tech, Service, tech's, Trump, Trump ., Mar, San Francisco, Republicans, Israel, Craft Ventures, Republican National Convention, Business, Federal, Commission, National Republican, Founders Fund, SpaceX, Khosla Ventures Locations: Silicon Valley, Sequoia, America, San, Pennsylvania, Rabois

Tech billionaire Elon Musk and his business empire stand to reap massive rewards if former President Donald Trump returns to the White House. Elon Musk joins former US President Donald Trump during a campaign event in Butler, Pa., on Oct. 5, 2024. “I love Elon Musk,” Trump said at a rally in July. It’s not clear how Musk and Trump would navigate the ethical questions around a possible government role for the tech billionaire. “He would be in much less trouble in a Trump administration because Trump shares his hostility to regulation and regulators,” Richard Pierce, a law professor at George Washington University specializing in government regulation, told NBC News in an interview earlier this year.

Persons: Elon Musk, Donald Trump, Musk, Trump, Vladimir Putin, SpaceX, ” Musk, Brian Hughes, ”, ” Hughes, Justin Merriman, ” Trump, “, walling, Kamala Harris, Harris, Biden, Larry Krasner, ” Richard Pierce, John Raoux, Angela Aneiros, ” Aneiros, Tesla, There’s, SpaceX countersued, • Tesla, ” SpaceX, Starlink, Justice Department —, Tucker Carlson, Carlson, he’s, SpaceX’s, Kamala Organizations: Tech, Trump, Musk’s, SpaceX, China —, U.S, Wall Street, NBC News, Boeing, Fox News, Bloomberg, Getty Images Trump, D.C, Trump Organization, Budget, America PAC, Philadelphia, George Washington University, Tesla, Co, Kennedy Space Center, Gonzaga University, university’s Center of Law, & Commerce, Justice Department, National, Traffic Safety Administration, Securities and Exchange Commission, Street, Justice, Employment, Commission, National Labor Relations Board, SEC, Twitter, Federal Communications Commission, Federal Aviation Administration, FAA, Safety, Health Administration, NLRB, Reuters, Defense Department, NASA, International, White, National Space Council Locations: China, United States, Taiwan, Ukraine, Washington, Trump’s, Pennsylvania, Butler, Pa, Palm Beach , Florida, Texas, California, Cape Canaveral, Fla, Los Angeles, Austin, Mars

☆ Officials brace for a flood of disinformation and legal claims as Election Day finally arrives
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +9 min

As Election Day finally arrives, election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins. The final week of the campaign featured three dynamics that could lead to a protracted legal dispute if the results are close, legal experts said. Election experts say that if a clear winner emerges quickly and voting proceeds without major disruptions, large numbers of Americans may have faith in the results. A misleading advertisement from the Election Integrity Network says “The Glitch Is In” alongside a carousel of news coverage of such procedural Election Day issues. The Election Integrity Network’s founder, Cleta Mitchell, promotes her thousand-strong group as a kind of “national neighborhood watch.”Researchers also point to a new kind of infrastructure around documenting and sharing such rumors on Election Day.

Persons: Donald Trump, “ They’ve, ” Trump, Danielle Tomson, ”, ” Tomson, “, Jennifer Liewer, Chandan Khanna, Trump, noncitizens ’, Cleta Mitchell, Elon Musk, James O’Keefe, Mike Lindell, Ben Berwick, Berwick, ” Berwick, Olivier Touron, Kamala Harris, — Harris, — Organizations: University of Washington’s Center, Convention Center, Getty, Seattle, Center, Conservative, Trump, America PAC, Heritage Foundation, Protect Democracy, “, FBI, National Intelligence Director’s, Infrastructure Security Agency, Service, Naval, Convention, National Guard Locations: Allentown , Pennsylvania, Arizona, Liewer, Maricopa, Beach, West Palm Beach, Fla, Maricopa County, Ariz, Philadelphia, Phoenix, AFP, U.S, Russia, Beach County , Florida

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Bitcoiners celebrate as $40 million campaign brings down Ohio Sen. Sherrod Brown
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Republican nominee for U.S. Senate Bernie Moreno addresses supporters at Brecksville Community Center on November 4, 2024 in Brecksville, Ohio. He voted against pro-crypto legislation, called for more regulation of the sector, and regularly posted anti-crypto rhetoric on social media. According to the tracker, 224 pro-crypto candidates have been elected to the House, against 106 anti-crypto House candidates that have won. In the Senate, 14 pro-crypto candidates have been elected, while nine anti-crypto candidates have been victorious. "Americans disproportionately care about crypto and want clear rules of the road for digital assets," Armstrong wrote.

Persons: Bernie Moreno, Crypto, Sherrod Brown, Brown, Moreno, Sen, Elizabeth Warren, Chris Larsen, Joe Biden, Warren, I'm, Tyler Winklevoss, Gary Gensler crony, Winklevoss, Brian Armstrong, Armstrong, Coinbase, Gensler, Elect Moreno's, Bitcoin, Donald Trump Organizations: U.S, Brecksville, Center, Ohio Senate, U.S . Senate, CNBC, Politico, SEC, Senate, Crypto Alliance, NBC, Commodities, Trading Commission, Fairshake, Defend, Jobs, Republican, —, Yildirim Locations: Brecksville , Ohio, Ohio

☆ Tesla jumps in overnight trading as Trump-backer Musk seen benefiting
▼ + stars: | 2024-11-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Shares of Tesla surged overnight as investors bet a potential Donald Trump election victory would benefit major backer and CEO of the carmaker, Elon Musk. Tesla shares jumped 8% in overnight trading on Robinhood brokerage platform. Trump has promised to appoint Musk as the head of a government efficiency commission, if elected. "Your money is being wasted, and the department of government efficiency is gonna fix that," he said at the rally.

Persons: Elon Musk, Donald Trump, Musk, Trump Organizations: SpaceX, Tesla, Ridley High School, America PAC, Republican Locations: Folsom , Pennsylvania, Trump's

☆ Crypto's $245 million campaign finance operation filled airwaves with ads not about crypto
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Stand With Crypto's bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. LAS VEGAS — In Nevada's 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who's voted in favor of some major pro-crypto bills. "He's leading on jobs, bringing good paying union jobs to Nevada and rebuilding our infrastructure," one 30-second commercial says. "He capped insulin prices at $35 a month," and "worked multiple jobs to support his hard working single mother and siblings in Congress." Fairshake was the largest crypto-aligned super PAC in the 2024 election cycle, spending piles of cash to support crypto allies and vote out antagonists across the country.

Persons: Steven Horsford, who's, Fairshake, Crypto, Elon Musk, Donald Trump, Kamala Harris, Coinbase Organizations: LAS, Congressional, PAC, Democratic, Public, Elon, Republican, Industry, Crypto Alliance, House Locations: Phoenix, Las Vegas, Nevada

☆ Elon Musk's private jet has landed in Florida following report he'll be watching election results with Donald Trump
▼ + stars: | 2024-11-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +4 min

Donald Trump megadonor Elon Musk's private jet has landed in Florida. AdvertisementElon Musk's private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago. After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service Jetspy. On Tuesday, The New York Times reported that Musk, a Trump megadonor, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign.

Persons: Donald Trump megadonor, Donald Trump, —, Musk, Trump, Elon Musk, Jack Sweeney, Sweeney Organizations: Donald Trump megadonor Elon, Mar, Trump, GOP, Service, Elon, SpaceX, The New York Times, Palm Beach Convention Center, Representatives, Musk, Business, PIA, Federal Aviation Administration, Republican Party, Musk's America PAC, PAC Locations: Florida, Austin, Cameron County , Texas, West Palm Beach, Palm Beach, Pennsylvania, New York City

☆ Elon Musk’s lawyer says $1M giveaway winners not randomly chosen, which could raise legal issues
▼ + stars: | 2024-11-04 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

Legal experts told NBC News that the disclosure could have legal fallout for Musk across multiple jurisdictions under laws designed to protect consumers from deceptive practices. Chris Gober, a lawyer for America PAC, made the disclosure at a hearing about the giveaways. Elon Musk awarded Kristine Fishell a $1 million check at a town hall in Pittsburgh on Oct. 20. Typically under state law, “this is actually bread and butter stuff for them,” he said in a direct message. The Justice Department, which had warned Musk’s super PAC that its offer may run afoul of federal election law, did not immediately respond to a request for comment.

Persons: Elon Musk, Musk, ” Christopher Peterson, ”, Chris Gober, “ We’re, ” Musk, Kristine Fishell, Michael Swensen, Donald Trump, Trump, Larry Krasner, John Summers, Krasner, Gober, Rebecca Tushnet, “, Tushnet, George Conway, David Vladeck, ” Lorrin Freeman, ” Jeff Sovern Organizations: NBC News, University of Utah, Musk’s America PAC, America PAC, Pennsylvania, Harvard Law School, Republican, Federal Trade Commission, FTC, Georgetown University, AGs, University of Maryland, The Justice Department, Musk’s Locations: Philadelphia, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pittsburgh, Pennsylvania, Wake County, North, North Carolina, Baltimore

A Pennsylvania judge on Monday declined an effort by the Philadelphia district attorney to stop Elon Musk’s America PAC from doling out cash prizes to registered voters. The judge's injunction means Musk's PAC will be able to do one last giveaway on Tuesday, the last day of the offer. The America PAC giveaway has promised million-dollar checks to some voters and $47 and $100 payments to other registered voters who signed a political pledge in swing states. Philadelphia District Attorney Larry Krasner sued Musk and America PAC last month, alleging that the giveaways were an illegal, unregulated lottery, but at a hearing Monday, America PAC attorney Chris Gober said it wasn’t a lottery because winners aren’t determined by chance. Musk’s legal team delayed this hearing last week, filing to move the case to federal court.

Persons: Larry Krasner, Musk, Chris Gober, Gober, John Summers, “, ” Krasner, Andy Taylor, ” Organizations: Elon Musk’s America PAC, America PAC, Philadelphia Locations: Philadelphia, Michigan, Pennsylvania

Elon Musk’s posts on his social media platform X get far more attention when they cast doubt on the integrity of the electoral process, an NBC News analysis has found. The difference in reach was vast: 5.2 times more likes, 4.2 times more comments and 9.1 times more reposts, when comparing the median election-doubting post to the median election post that didn’t cast doubt on the process. In addition to owning X, Musk is its biggest account, with more than 202 million followers, according to the app’s tally of his following. X has developed a clear tilt in favor of far-right users and posts since Musk bought it two years ago, according to researchers. Musk told an editor at The Atlantic in July that he would “of course” accept the results of the presidential election, according to the magazine.

Persons: Elon Musk’s, Musk’s, —, It’s, Donald Trump, Kamala Harris, he’s, Musk, “ Organizations: NBC, SpaceX, Trump Locations: United States, U.S

As the battle for Congress comes to a close, here are five things to watch:1. Republicans have long been concerned about Democrats’ massive fundraising advantage in House and Senate races. Nearly $1.6 billion has been spent on ads in Senate races since Labor Day, with Democrats spending $803 million and Republicans spending $758 million, according to AdImpact. More than $1 billion has also been spent on ads in House races since Labor Day, with Democrats spending $615 million to Republicans’ $448 million, according to AdImpact. In the Maryland Senate race, Republicans have tried to pull off an upset by recruiting former GOP Gov.

Persons: Donald Trump, Kamala Harris, Trump, Jon Tester, Ohio’s Sherrod Brown, Brown, Tim Sheehy, Bernie Moreno, Jim Justice, Sen, Joe Manchin, Joe Biden, Harris, Pennsylvania’s Bob Casey, Wisconsin’s Tammy Baldwin, Nevada’s Jacky Rosen, Maine Republican Susan Collins, Biden, Casey, Dave McCormick, Rosen, Roe, Wade, ’, That’s, Dan Osborn, GOP Sen, Deb Fischer, Fischer, Osborn, Colin Allred, Ted Cruz, they’re, Debbie Mucarsel, Powell, Rick Scott, Allred, Larry Hogan, Hogan, Angela Alsobrooks Organizations: White, Republicans, House, Republican, Navy, West Virginia Gov, Democratic, Trump, GOP, Maine Republican, Senate, Freedom Caucus, Democrats, Labor, ’, Republicans ’, PAC, Maryland Senate, GOP Gov, Hogan Locations: California, New York, Arizona, Michigan, Maine, Pennsylvania, Nevada, Allentown, Harrisburg, Nebraska, Cornhusker, Texas, Florida, Maryland

☆ Philadelphia DA doubts Musk's $1M-a-day giveaway 'winners' got anything besides 'big cardboard checks'
▼ + stars: | 2024-11-04 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Has Elon Musk's $1M-a-day "lottery" distributed these windfalls, or only "big cardboard checks?" That was a question raised in court Monday by a lawyer for the Philadelphia DA, who is suing Musk. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "He was the one who presented the checks, albeit large cardboard checks," Gober said of Musk. Musk's lawyers did not address on Monday whether anyone promised a $1 million check has actually received $1 million.

Persons: Musk, —, Elon, they've, John S, Summers, Angelo Foglietta, Gober, Elon Musk, Larry Krasner, Chris Gober, Krasner, he's, Taylor Swift, I've Organizations: Elon, Philadelphia DA, Service, Elon Musk's, Democratic, Musk's, PAC, Musk, America PAC, Democrat, SpaceX Locations: Philadelphia's, Pennsylvania, Philadelphia , Pennsylvania, Philadelphia County

Philadelphia District Attorney Larry Krasner on Monday testified that Tesla CEO Elon Musk and his political action committee know they are conducting an "illegal" lottery by giving away $1 million to registered voters in Pennsylvania and other swing states before Election Day. "They know what they're doing is illegal and they are doing everything under the sun to clean it up," Krasner said. "There is no First Amendment right to commit crimes," the DA testified in the Philadelphia County Court of Common Pleas. "There is no First Amendment right to commit fraud." Under questioning by attorney John Summers, who is representing Krasner's office, the DA said the fact that he is a Democrat had nothing to do with his decision last week to sue the billionaire Musk and America PAC over the daily giveaway, which is due to end Tuesday.

Persons: Larry Krasner, Elon Musk, Krasner, Donald Trump, Kamala Harris, John Summers, Musk Organizations: Philadelphia, Musk's America PAC, Democrat, America PAC Locations: Pennsylvania, Philadelphia

☆ Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
▼ + stars: | 2024-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than $30 million raised, plus another $48 million in new commitments from centralized crypto exchange Coinbase and Silicon Valley venture fund Andreessen Horowitz, among other companies. All in, a16z has given $70 million to Fairshake as the VC looks to support the PAC's larger mission of building a Congress comprised of pro-crypto legislators. Coinbase, the largest U.S. crypto exchange, was sued by the Securities and Exchange Commission over claims that it engaged in unregistered sales of securities. Ripple Labs is another major political donor this cycle that has given around $50 million to Fairshake.

Persons: Fairshake, Andreessen Horowitz, a16z, Chris Dixon, we're, Dixon, Coinbase, Brian Armstrong Organizations: Securities and Exchange Commission, Labs Locations: U.S, Silicon Valley

☆ Elon Musk’s misleading election claims have been viewed more than 2 billion times on X, analysis finds
▼ + stars: | 2024-11-04 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

He has given more than $118 million to a pro-Trump super PAC and hit the campaign trail to stump for Trump in Pennsylvania. CCDH’s research is based on an analysis of publicly available data from X about Musk’s own posts and spending by political campaigns to promote ads on the platform. The nonprofit tallied up how many views Musk received on 87 specific posts that contained false claims about the 2024 election that were debunked by fact-checkers. The 2024 election is the first presidential cycle with the platform under Musk’s control since his takeover of the company formerly known as Twitter two years ago. Based on that information, Ahmed’s group determined that Musk’s election-related posts – boosting Trump and slamming Vice President Kamala Harris – were worth about $24 million.

Persons: Elon Musk, Donald Trump, Musk, Kamala Harris, Harris, “, Elon Musk’s, ” Imran Ahmed, Ahmed, X, ” Ahmed, it’s, Kamala Harris –, ” Organizations: Washington CNN —, SpaceX, Trump, PAC, Center, CNN, Democrats, Elon, Twitter, Guardian Locations: Trump, Pennsylvania

But that hasn’t stopped abortion rights supporters from pushing for votes up and down the ballot. Across the South, supporters of abortion rights are using the issue to motivate voters. Although Texas does not have a statewide referendum on abortion, Rep. Colin Allred's Senate campaign has galvanized abortion rights supporters. It’s easier for Democrats to campaign on the issue, she said, because their party is more united in favor of abortion rights than Republicans are in opposition. That switch proved pivotal in passing the state’s abortion ban.

Persons: Roe, Wade, hasn’t, Donald Trump, Kamala Harris, “ Nobody’s, Emma Horst, Martz, Travis Dove, Harris, Colin Allred, Sen, Ted Cruz, Colin Allred's, JerSean Goldblatt, Diana Mutz, ”, “, Lauren Gonzalez, Josh Stein, Mark Robinson, he’s, fairgoers, Brett Dearing, he’d, Bill Pincus, “ I'm, ” Pincus, Bracey Harris, Trump, Cruz, it’s, Allred, Gina Ortiz Jones, Rachel O'Leary Carmona, Joe Biden, — Candi Miller, Amber Nicole Thurman —, Amber Nicole Thurman, Candi Miller, Elijah Nouvelage, Mimi Zieman, GYN, “ They’re, Horst, ” Horst, Matthew Morman, Stein, Morman, we’ve, they’re, ” Matthew Morman, NBC News Safiyah Jackson Organizations: ”, NBC, Colin Allred's Senate, NBC News Abortion, Institute for, Citizens, University of Pennsylvania, North Carolina voters, Elon University, Democratic, Republican, Gov, North Carolina, Fair, Lexington, NBC News, Carolina State Fair, Senate, OB, Trump, Planned Locations: RALEIGH, N.C, —, Wake County, North Carolina, ”, Carolinians, Georgia, Texas, ” North Carolina, Raleigh, Carolina, U.S, Amarillo, Atlanta, Raleigh , North Carolina, Fuquay, Varina

☆ Twitter and TikTok Users' Election Projections Are Completely Warped.
▼ + stars: | 2024-11-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +7 min

And earlier this year, the company made further moves to de-emphasize political content on Instagram, Facebook, and Threads. Meanwhile, half of the 18- to 29-year-olds surveyed by the Pew Research Center saying they watch political content on TikTok. No one on social media has the answer to what will happen in Tuesday's election. Anxiously reposting or liking election content may feel like the only thing we can do as the clock ticks down. For now, the best way to alleviate that anxiety might be to get off social media until Tuesday passes.

Persons: Kamala Harris, Donald Trump's, Trump, MAGA, Trump's, Harris, Joe Biden, Trump megadonor Elon Musk, It's, Musk, Ioana Literat, Megan Smith, ProPublica, Tracy Clayton, Sol Messing, Messing, Instagram, Michelle Obama, we've, it's, that's Organizations: Trump, Trump megadonor, Republican, Pew Research Center, Columbia University's Teachers College, Social Media, Facebook, Meta, Pew Research, New York University's Center for Social Media, Politics, Twitter, Musk's America PAC Locations: Florida, Texas, California, Philadelphia, . New Hampshire, Virginia, Pennsylvania, United States, Washington, New, Ohio

The handful of Americans who have won $1 million checks from tech billionaire Elon Musk’s super PAC have a few things in common. He said he didn’t know the process the super PAC used to pick his name and didn’t ask. He said he believes Democrats are not ideologically predisposed to sign Musk’s petition in support of the First and Second Amendments. NBC News asked the super PAC to share the process Oct. 22 and did not receive a response. All 14 winners have either recorded videos for Musk’s super PAC, been photographed for the super PAC or both.

Persons: Elon, giveaway’s, Musk’s, Donald Trump, Musk, ” Musk, ”, Kamala Harris, “, Larry Krasner, Krasner, who’s, Ron Conwell, Conwell, you’re, he’s, Jared Polis, Bill Maher’s, ” Polis, “ Elon Organizations: Elon Musk’s, Republican, Trump, Musk’s America PAC, Republicans, Plus, PAC, America PAC, “, NBC News, American PAC, Democrat, Republican Party, Musk’s, Federal, U.S, Constitution, ” Locations: Favor, Philadelphia, Michigan, Pennsylvania, ” Colorado, North Carolina, Arizona , Georgia, Nevada, Wisconsin

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